Nevada s Unemployment Rate Remains at 11.6 Percent in June

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1 For Immediate Release July 20, 2012 Nevada s Unemployment Rate Remains at 11.6 Percent in June June showed no change in Nevada s unemployment rate, which held steady at a seasonally adjusted 11.6 percent. While not directly comparable to the state figure, the unemployment rate in each of the state s three metropolitan areas saw a slight seasonal increase, which is to be expected, said Bill Anderson, chief economist for Nevada s Department of Employment, Training and Rehabilitation (DETR). The state is experiencing steady job growth. In June, the state saw a seasonally adjusted gain of 200 jobs in the private sector compared to May. Relative to a year ago, private sector job readings are up 17,500 in June, the strongest gain recorded so far in 2012, Anderson said. For the entire first half of the year, 14,000 jobs have been added in Nevada s private sector establishments. This is on top of approximately 12,000 new jobs in This month s employment numbers indicate the economy is continuing to grow at a slow but modest pace, Governor Brian Sandoval said. I am encouraged by the fact that this is the 12th straight month of positive news, but we must continue working to support job growth by bringing new business to Nevada and allowing existing businesses to be successful." Las Vegas continues to hold the highest jobless rate amongst the state s three population centers, at 12.1 percent, up from 11.8 percent in May. In Reno, the unemployment rate stood at 11.7 percent, up from May s 11.5 percent reading. Carson City s unemployment rate, at 11.8 percent, is up from 11.6 percent. Lander (5.7 percent on a year-to-date basis), Esmeralda (6.1 percent), and Eureka (6.2 percent) continue to have the lowest unemployment rates in the State. Lyon (16 percent so far this year) and Nye (14.8 percent) have the highest jobless rates. The decline in the unemployment rate over the past year, translates to a decline of 26,000 unemployed individuals relative to the first half of 2011, Anderson said. Through the first six months of this year, the number of unemployed in the state has averaged 163,900. Renewed job growth in the state s largest industry, leisure/hospitality, driven largely by more than two years of nearly non-stop visitation gains in southern Nevada, has been well-publicized, Anderson said. Since reaching a recessionary low of a seasonally adjusted 304,500 in November 2009, nearly 20,000 jobs have been added in this industry. Other industries are also exhibiting some modest improvement. Professional/business services jobs stand 5,000 higher than a year ago in June. This marks the 26th month out of the past 27 that a year-over-year gain has been recorded. Health care/social assistance jobs are up by a seasonally adjusted 1,200 from May-June, and stand 3,100 higher than a

2 year ago. Trade/transportation/utilities jobs have increased nearly non-stop since late-2010, but growth has been constrained, hovering at less than two percent on an annualized basis. While we did not see much change for the month, we are still encouraged that the economy is indeed on the mend, said DETR Director Frank Woodbeck about June s unemployment numbers. The rate of unemployment is still unacceptably high, and we are diligently working to do what we can on our end to further propel us in the right direction. Our goal is to attract diverse businesses to the state to provide broader employment opportunities, especially since the construction industry continues to lag greatly. Anderson said construction jobs remained unchanged from May, but are off by 3,300 through the first half of the year relative to Continued difficulties in the financial activities sector are at least partially related to the weakness in construction. An additional 1,700 jobs have been lost in these establishments relative to June 2011, he said. Visit us and Follow us on Twitter: -##-

3 BRIAN SANDOVAL GOVERNOR RESEARCH AND ANALYSIS BUREAU FRANK R. WOODBECK DIRECTOR WILLIAM D. ANDERSON CHIEF ECONOMIST NEVADA LABOR MARKET OVERVIEW June 2012 Two of the broadest measures of Nevada s economic health have been released in recent weeks by 16% the Bureau of Economic 14% Analysis in the U.S. 12% Department of Commerce. 10% Each suggests that the 8% State s economy is 6% expanding at a moderate 4% pace as Nevada continues 2% to recover from the 0% recession. Nevada s Gross Domestic Product (GDP), a measure of total production in the State, rose for the second straight year in 2011 following declines in 2008 and GDP grew at a 1.2 percent clip in 2011, up from 0.3 percent the prior year. In 2011, Nevada was one of just seven states to see the pace of economic growth improve from Still, the level of economic activity remains below pre-recession peaks. At the same time, personal income information has been made available for 2012:IQ. It shows that income grew 1.8 percent on an annualized basis in the first three months of the year, which marks the eighth straight quarter of growth. This follows six consecutive quarters in which personal income declined. Doubledigit growth was recorded in both 2004 and Unemployment Rate: Nevada vs. the U.S. (seasonally adjusted) All things considered, Nevada s labor market appears to be improving in a manner that is quite consistent with the modest gains reported for the economy as a whole referenced above. Nevada s unemployment rate and the overall jobs picture in June are essentially unchanged over the month, but show noticeable improvement when measured against year-ago readings. At a seasonally adjusted 11.6 percent, June s unemployment rate is unchanged from May and remains stubbornly high, despite more than a two-point drop from a year ago. Through the first six months of this year, the number of unemployed in the State has averaged 163,900. This translates into a decline of 500 E. Third St. Carson City, Nevada (775) Fax (775) NV U.S.

4 Lander Esmeralda Eureka Elko Humboldt White Pine Churchill Pershing Washoe Nevada Clark Carson City Storey Mineral Douglas Lincoln Nye Lyon County Unemployment Rates (year-to-date) 11.7 percent jobless rate, up from May s 11.5 percent reading. Carson City s unemployment rate, at 11.8 percent, is up from 11.6 percent. In all three regions, some improvement is evident measured against a year ago. For instance, the Las Vegas area s jobless rate stands 2.3 percentage points below June % 2% 4% 6% 8% 10% 12% 14% 16% 18% 26,000 relative to the first half of While not directly comparable to the State s seasonally adjusted figure, the unemployment rate in each of the state s three metropolitan areas rose marginally in June. 1 Las Vegas remains home to the highest jobless rate amongst the State s three population centers, at 12.1 percent, up from 11.8 percent in May. The Reno metro area came in with an Nevada and Sub-State Nonfarm Jobs: May-June Change Expected Seasonally Unadjusted Seasonal Adjusted Change Movement Change Total Nonfarm Jobs -2,800-1,800-1,000 Private Sector 2,900 2, Public Sector -5,700-4,500-1,200 Las Vegas -4,400-3, Reno ,000 Carson City Totals may not sum due to rounding 1 Unemployment rates for the State s metropolitan areas and counties reported here are not adjusted for seasonality. Hence, comparisons to the State s seasonally adjusted rate should be avoided. Legitimate comparisons, however, can be made to the State s unadjusted rate 11.9 percent in June, up from 11.6 percent in May and 14 percent in June Lander (5.7 percent on a year-to-date basis), Esmeralda (6.1 percent), and Eureka (6.2 percent continue to have the lowest unemployment rates in the State. Lyon (16 percent so far this year) and Nye (14.8 percent) have the highest jobless rates. Prior to seasonal adjustment, June job readings are down by 2,800 relative to May levels, whereas a decline of 1,800 was expected, given normal seasonal patterns evident over time. The end result is a net loss of 1,000 on a seasonally adjusted basis, a more valid month-to-month comparison as it discounts recurring seasonal trends, which do not necessarily reflect the underlying strength of the labor market. Still, the overall trend appears to be modestly positive, as job levels are up 14,800 relative to a year ago. This marks the 12 th straight month, and the (17 th time in 18 months) that a year-over-year gain has been recorded. Prior to that, job declines were recorded in 35 consecutive months.

5 jobs percent change 25, ,000-50,000-75, , , ,000 Nevada Nonfarm Job Growth (seasonally adjusted; year-over-year) J A S O N D J F M A M J J A S O N D J F M A M J Jobs Pct. Change This is not to say that the State s economy is operating on all cylinders. Trends differ across regions, industries, and demographic groups. For instance, although the latest information available is from mid-2011, the number of jobs held by teens in Nevada has been cut by more than half since the prerecession peak, from 46,000 jobs to 20,000. (This information is based upon official wage records, and does not capture other, more informal, jobs typically held by teens childcare, various odd jobs, etc.) Southern Nevada is outpacing the north. While no clear trends are evident in the June results, Las Vegas shows a net gain of 5,000 jobs in the first half of the year, relative to the same period in In the Reno metro area, year-todate results are essentially unchanged from last year, while Carson City is down by 1,000 jobs. Nevada Las Vegas Reno Carson City 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% the private sector continues to lead the way. June brought with it a seasonally adjusted gain of 200 jobs compared to May. Relative to a year ago, private sector job readings are up 17,500 in June, the strongest gain recorded so far in For the entire first half of the year, 14,000 jobs have been added in Nevada s private sector establishments. This is on top of approximately 12,000 new jobs in Renewed job growth in the State s largest industry, leisure/hospitality, driven largely by more than two years of nearly non-stop visitation gains in southern Nevada, has been well-publicized. Since reaching a recessionary low of a seasonally adjusted 304,500 in November 2009, nearly 20,000 jobs have been added in this industry. Looking at the various components of a more broadly-defined tourism/gaming/entertainment sector highlights some interesting trends Metro Area Nonfarm Job Growth (year-to-date; year-over-year) For the State as a whole, -5, ,000 10,000 15,000

6 over the past decade. The traditional gaming component of the sector, mainly casino hotels and other casinos, shed more than 25,000 jobs in the decade ending in Other sub-sectors, however, showed solid results. Food and drinking establishments added 33,700 jobs. The retail and noncasino lodging sub-sectors each added about 7,000 jobs over the same period. This evidence suggests that the sector as a whole has been diversifying away from traditional gaming activities and into other business lines. Other industries are also exhibiting some modest improvement. Professional/business services jobs stand 5,000 higher than a year ago in June. This marks the 26 th month out of the past 27 that a year-overyear gain has been recorded. Health care/social assistance jobs are up by a seasonally adjusted 1,200 from May-June, and stand 3,100 higher than a year ago. Trade/transportation/utilities jobs have increased nearly non-stop since late-2010, but growth has been constrained, hovering at less than Leisure and Hospitality Professional and Business Services Trade, Trans. and Utilities Construction Nevada Nonfarm Job Growth by Industry (year-to-date; year-over-year) two percent on an annualized basis. Some industries continue to lag, however. Construction, at least as it pertains to job levels, is still searching for a bottom. Although unchanged from May, construction jobs are off by 3,300 through the first half of the year relative to Continued difficulties in the financial activities sector are at least partially related to the weakness in construction. An additional 1,700 jobs have been lost in these establishments relative to June As an aside, recent measures of residential construction/real estate markets show signs of improvement. Residential permitting activity is up 38 percent through May in the State, while new housing starts are up nearly 30 percent. Resale activity in southern Nevada has recorded 16 consecutive months of year-overyear gains. While these trends have been encouraging, it is important to note that the markets are rising off of historical lows, so recent improvement must be kept in perspective. While the private sector as a whole is exhibiting signs of growth, the public sector continues to trail. While June typically brings with it a decline in jobs, mostly related to the end of the traditional academic calendar year, this year s decline was more pronounced than expected, resulting in a seasonally -4,000-2, ,000 4,000 6,000 8,000 10,000

7 adjusted loss of 1,200 jobs in June, relative to May. Going back to our discussion on teen employment, two industries, accommodation/food services and retail trade, account for nearly twothirds of all jobs held by teenagers in Nevada. In the year ending in 2011:IIQ, 8,900 Nevadans between the ages of 14 and 18 worked in the former, while 4,800 worked in retail establishments. Much has been made of late about an apparent slowdown in job growth reported on the first Friday of every month for the nation as a whole. Growth during the second quarter of the year did ease considerably from the first three months of On the plus side, however, as we ve illustrated in the past, a number of structural indicators do point to an improving labor market nationwide. For instance, prior to the recession, roughly 4-5 million people per month were classified as working part-time for economic reasons. In essence, they would have rather been working full-time hours, but slack business/economic conditions prevented them from doing so. During the recession, this barometer of the labor market s health reflected the deteriorating economy, and peaked at around nine million workers. Of late, though, it has been inching off of those highs, to about 8.2 million workers in June.

8 Employment & Unemployment Estimates for June 2012 Unemployment Rates: Nevada Statewide 11.6% (Seasonally Adjusted) Las Vegas-Paradise MSA 12.1% Reno-Sparks MSA 11.7% Carson City MSA 11.8% Elko Micropolitan Area 6.3% United States 8.2% (Seasonally Adjusted) California (May) 10.8% (Seasonally Adjusted) Employment estimates are produced by the Current Employment Statistics program. Labor Force estimates are produced by the Local Area Unemployment Statistics program Research and Analysis Bureau, Nevada Department of Employment, Training and Rehabilitation operates these programs in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics. Telephone (775)

9 Nevada Labor Force and Unemployment (Estimates In Thousands) LABOR FORCE SUMMARY JUN 2012 JUN 2011 CHANGE % CHANGE MAY 2012 NEVADA STATEWIDE Seasonally Adjusted TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 11.6% 13.8% % TOTAL EMPLOYMENT 1/ % NEVADA STATEWIDE TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 11.9% 14.0% % TOTAL EMPLOYMENT 1/ % Las Vegas-Paradise MSA Includes Clark County TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 12.1% 14.4% % TOTAL EMPLOYMENT 1/ % Reno-Sparks MSA Carson City MSA Includes Washoe and Storey Counties TOTAL LABOR FORCE % UNEMPLOYMENT % 25.8 UNEMPLOYMENT RATE 11.7% 13.3% % TOTAL EMPLOYMENT 1/ % TOTAL LABOR FORCE % 27.8 UNEMPLOYMENT % 3.2 UNEMPLOYMENT RATE 11.8% 12.9% % TOTAL EMPLOYMENT 1/ % 24.6 Elko Micropolitan Area Includes Elko and Eureka Counties TOTAL LABOR FORCE % 31.7 UNEMPLOYMENT % 1.9 UNEMPLOYMENT RATE 6.3% 7.5% % TOTAL EMPLOYMENT 1/ % 29.8 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. Information compiled by DETR's Research & Analysis Bureau

10 Seasonally Adjusted Establishment Based Industrial Employment Nevada Statewide (Estimates In Thousands) JUN 2012 JUN 2011 CHANGE % CHANGE MAY 2012 Total All Industries % Natural Resources & Mining % 16.1 Construction % 48.7 Manufacturing % 37.5 Durable Goods % 23.8 Non-durable Goods % 13.7 Trade, Transportation & Utilities % Wholesale % 34.2 Retail % Transportation, Warehousing & Utilities % 53.4 Financial Activities % 50.9 Finance and Insurance % 29.6 Real Estate & Rental Leasing % 21.3 Professional & Business Services % Professional, Scientific and Technical % 47.7 Management of Companies % 18.0 Administrative & Support and Waste Mgt % 77.5 Education and Health Services % Educational Services % 9.6 Health Care and Social Assistance % 96.3 Leisure and Hospitality % Arts, Entertainment and Recreation % 27.3 Accommodation and Food Service % Other Services % 34.3 Government % Federal % 17.5 State % 35.2 Local % 94.4 Total All Industries Total All Industries Total All Industries Las Vegas-Paradise MSA JUN 2012 JUN 2011 CHANGE % CHANGE MAY % Reno/Sparks MSA JUN 2012 JUN 2011 CHANGE % CHANGE MAY % Carson City MSA JUN 2012 JUN 2011 CHANGE % CHANGE MAY % 27.5

11 Nevada Statewide (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT JUN 2012 JUN 2011 CHANGE % CHANGE MAY 2012 Total All Industries % Goods Producing % Natural Resources & Mining % 16.0 Metal Ore Mining % 11.9 Construction % 48.8 Specialty Trade Contractors % 34.8 Manufacturing % 37.5 Durable Goods % 23.8 Computer & Electronic Products % 10.5 Other Miscellaneous (Includes Slot Mfg.) % 6.8 Non-durable Goods % 13.7 Services Producing % Private Service Providing % Trade, Transportation & Utilities % Wholesale % 34.2 Retail % General Merchandise & Clothing % 45.9 Food & Beverage Stores % 19.9 Health and Personal Care Stores % 7.3 Transportation, Warehousing & Utilities % 53.2 Utilities % 4.3 Transportation & Warehousing % 48.9 Trucking, Couriers/Messengers, and % 20.2 Air % 6.1 Transit and Ground Passenger % 14.3 Taxi and Limousine Service % 10.3 Information % 13.2 Telecommunications % 4.4 Financial Activities % 50.8 Finance and Insurance % 29.6 Credit Intermediation & Related % 16.3 Real Estate & Rental Leasing % 21.2 Professional & Business Services % Professional, Scientific and Technical % 47.2 Management of Companies % 18.0 Administrative & Support and Waste Mgt % 77.5 Administrative & Support Services % 73.3 Employment Services % 18.0 Education and Health Services % Educational Services % 9.8 Health Care and Social Assistance % 96.9 Ambulatory Health Care Services % 43.4 Hospitals % 24.8 Leisure and Hospitality % Arts, Entertainment and Recreation % 27.6 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 10.9 Food Services and Drinking Places % Full-Service Restaurants % 50.6 Limited-Service Restaurants % 39.7 Other Services % 34.4 Government % Federal % 17.6 State % 36.9 Local % 95.9 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

12 Las Vegas-Paradise MSA Includes Clark County (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT JUN 2012 JUN 2011 CHANGE % CHANGE MAY 2012 Total All Industries % Goods Producing % 55.2 Natural Resources & Mining % 0.3 Construction % 35.0 Construction of Buildings % 5.1 Specialty Trade Contractors % 25.0 Building Foundation & Exterior Contractors % 4.6 Building Finishing Contractors % 5.5 Manufacturing % 19.9 Durable Goods % 11.6 Other Miscellaneous Manufacturing % 4.6 Non-durable Goods % 8.3 Services Producing % Private Service Providing % Trade, Transportion & Utilites % Wholesale % 21.4 Retail % 93.9 General Merchandise & Clothing % 35.2 Food & Beverage Stores % 14.3 Health and Personal Care Stores % 6.2 Trans, Warehousing & Utilities % 35.9 Utilities % 2.8 Transportation & Warehousing % 33.1 Air % 5.4 Transit and Ground Passenger % 12.8 Taxi and Limousine Service % 9.9 Information % 9.6 Telecomunications % 3.4 Financial Activites % 38.0 Finance and Insurance % 21.6 Credit Intermediation & Related % 12.4 Real Estate and Rental and Leasing % 16.4 Professional & Business Services % Professional, Scientific and Technical % 31.4 Management of Companies % 14.9 Administrative & Support and Waste Mgt % 54.3 Administative and Support Services % 52.3 Employment Services % 12.0 Other Support Services % 8.2 Education and Health Services % 74.3 Health Care and Social Assistance % 66.7 Ambulatory Health Care Services % 31.6 Hospitals % 16.3 Leisure and Hospitality % Arts, Entertainment and Recreation % 16.9 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 5.3 Food Services and Drinking Places % 82.3 Full-Service Restaurants % 42.5 Limited-Service Restaurants % 30.0 Other Services % 24.6 Government % 94.8 Federal % 11.9 State % 17.6 Local % 65.3 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

13 Reno-Sparks MSA Includes Washoe and Storey Counties (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT JUN 2012 JUN 2011 CHANGE % CHANGE MAY 2012 Total All Industries % Goods Producing % 19.3 Natural Resources & Mining % 0.3 Construction % 8.2 Manufacturing % 10.8 Miscellaneous Manufacturing % 2.7 Services Producing % Private Service Producing % Trade, Transportion & Utilites % 42.2 Wholesale % 8.9 Retail % 21.1 General Merchandise & Clothing % 6.8 Food & Beverage Stores % 3.2 Trans, Warehousing & Utilities % 12.2 Information % 2.2 Financial Activites % 8.7 Finance and Insurance % 5.5 Professional & Business Services % 24.8 Administrative & Support and Waste Mgt % 12.7 Education and Health Services % 22.2 Leisure and Hospitality % 36.5 Accommodation and Food Service % 29.1 Accommodation % 15.5 Casino Hotels % 14.5 Food Services and Drinking Places % 13.6 Other Services % 6.2 Government % 28.3 Federal % 3.5 State % 9.9 Local % 14.9 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders. Information compiled by DETR's Reseach & Analysis Bureau

14 Carson City MSA Includes Carson City (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT JUN 2012 JUN 2011 CHANGE % CHANGE MAY 2012 Total All Industries Goods Producing % % 2.9 Manufacturing % 2.5 Services Producing % 24.8 Private Service Producing % 14.9 Trade, Transportion & Utilites % 3.7 Retail % 2.7 Professional & Business Services % 2.0 Leisure and Hospitality % 3.3 Government % 9.9 Federal % 0.5 State % 7.5 Local % 1.9 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders. Information compiled by DETR's Reseach & Analysis Bureau

15 2012 Seasonally Adjusted Industrial Employment (Estimates In Thousands) Nevada Statewide Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Natural Resources & Mining State Manufacturing Durable Goods Non-durable Goods Trade, Transportation & Utilities Wholesale Retail Transportation, Warehousing & Utilities Financial Activities Finance and Insurance Real Estate & Rental Leasing Professional & Business Services Professional, Scientific and Technical Management of Companies Administrative & Support and Waste Mgt Education and Health Services Educational Services Health Care and Social Assistance Leisure and Hospitality Arts, Entertainment and Recreation Accommodation and Food Service Other Services Government Federal State Local Las Vegas MSA Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Reno/Sparks MSA Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Carson City MSA Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Information compiled by DETR's Reseach & Analysis Bureau Jul-12

16 Nevada Statewide 2012 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Natural Resources & Mining Metal Ore Mining Construction Specialty Trade Contractors Manufacturing Durable Goods Computer & Electronic Products Other Miscellaneous (Includes Slot Mfg.) Non-durable Goods Services Producing Private Service Providing Trade, Transportation & Utilities Wholesale Retail General Merchandise & Clothing Food & Beverage Stores Health and Personal Care Stores Transportation, Warehousing & Utilities Utilities Transportation & Warehousing Trucking, Couriers/Messengers, and Warehousing/Storage Air Transit and Ground Passenger Taxi and Limousine Service Information Telecommunications Financial Activities Finance and Insurance Credit Intermediation & Related Real Estate & Rental Leasing Professional & Business Services Professional, Scientific and Technical Management of Companies Administrative & Support and Waste Mgt Administrative & Support Services Employment Services Education and Health Services Educational Services Health Care and Social Assistance Ambulatory Health Care Services Hospitals Leisure and Hospitality Arts, Entertainment and Recreation Accommodation and Food Service Accommodation Casino Hotels and Gaming Casino Hotels Gaming Industries Food Services and Drinking Places Full-Service Restaurants Limited-Service Restaurants Other Services Government Federal State Local Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Jul-12

17 Las Vegas-Paradise MSA 2012 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Natural Resources & Mining Construction Construction of Buildings Specialty Trade Contractors Building Foundation & Exterior Contractors Building Finishing Contractors Manufacturing Durable Goods Other Miscellaneous Manufacturing Non-durable Goods Services Producing Private Service Providing Trade, Transportion & Utilites Wholesale Retail General Merchandise & Clothing Food & Beverage Stores Health and Personal Care Stores Trans, Warehousing & Utilities Utilities Transportation & Warehousing Air Transit and Ground Passenger Taxi and Limousine Service Information Telecomunications Financial Activites Finance and Insurance Credit Intermediation & Related Real Estate and Rental and Leasing Professional & Business Services Professional, Scientific and Technical Management of Companies Administrative & Support and Waste Mgt Administative and Support Services Employment Services Other Support Services Education and Health Services Health Care and Social Assistance Ambulatory Health Care Services Hospitals Leisure and Hospitality Arts, Entertainment and Recreation Accommodation and Food Service Accommodation Casino Hotels and Gaming Casino Hotels Gaming Industries Food Services and Drinking Places Full-Service Restaurants Limited-Service Restaurants Other Services Government Federal State Local Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders Jul-12

18 Reno-Sparks MSA 2012 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Natural Resources & Mining Construction Manufacturing Miscellaneous Manufacturing Services Producing Private Service Producing Trade, Transportion & Utilites Wholesale Retail General Merchandise & Clothing Food & Beverage Stores Trans, Warehousing & Utilities Information Financial Activites Finance and Insurance Professional & Business Services Administrative & Support and Waste Mgt Education and Health Services Leisure and Hospitality Accommodation and Food Service Accommodation Casino Hotels Food Services and Drinking Places Other Services Government Federal State Local Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Jul-12

19 Carson City MSA 2012 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Manufacturing Services Producing Private Service Producing Trade, Transportion & Utilites Retail Professional & Business Services Leisure and Hospitality Government Federal State Local Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Jul-12 Information compiled by DETR's Reseach & Analysis Bureau

20 2012 NEVADA LABOR FORCE SUMMARY DATA Estimates In Thousands Revised July JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG NEVADA TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 12.9% 12.2% 11.9% 11.5% 11.6% 11.9% 12.0% RATE-SEASONALLY ADJ. 12.7% 12.3% 12.0% 11.7% 11.6% 11.6% 12.0% TOTAL EMPLOYMENT 1/ LAS VEGAS MSA 2/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 13.0% 12.2% 12.0% 11.6% 11.8% 12.1% 12.1% TOTAL EMPLOYMENT 1/ RENO MSA 3/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 13.0% 12.2% 12.0% 11.4% 11.5% 11.7% 12.0% TOTAL EMPLOYMENT 1/ CARSON CITY MSA 4/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 13.5% 12.6% 12.4% 11.8% 11.6% 11.8% 12.3% TOTAL EMPLOYMENT 1/ ELKO MICROPOLITAN AREA 5/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 7.4% 6.6% 6.6% 6.3% 6.1% 6.3% 6.6% TOTAL EMPLOYMENT 1/ Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Clark County 3/ Washoe and Storey Counties 4/ Carson City 5/ Elko and Eureka Counties

21 2012 NEVADA LABOR FORCE SUMMARY DATA Revised July JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG CARSON CITY TOTAL LABOR FORCE 27,850 28,040 27,950 27,660 27,860 28,020 27,900 UNEMPLOYMENT 3,750 3,550 3,460 3,270 3,240 3,300 3,430 UNEMPLOYMENT RATE 13.5% 12.6% 12.4% 11.8% 11.6% 11.8% 12.3% TOTAL EMPLOYMENT 1/ 24,100 24,490 24,490 24,390 24,620 24,720 24,470 CHURCHILL COUNTY TOTAL LABOR FORCE 12,720 12,920 13,090 13,120 13,370 13,680 13,150 UNEMPLOYMENT 1,390 1,300 1,270 1,230 1,260 1,290 1,290 UNEMPLOYMENT RATE 10.9% 10.1% 9.7% 9.4% 9.4% 9.4% 9.8% TOTAL EMPLOYMENT 1/ 11,330 11,620 11,820 11,890 12,110 12,390 11,860 CLARK COUNTY TOTAL LABOR FORCE 983, , , , , , ,620 UNEMPLOYMENT 127, , , , , , ,090 UNEMPLOYMENT RATE 13.0% 12.2% 12.0% 11.6% 11.8% 12.1% 12.1% TOTAL EMPLOYMENT 1/ 855, , , , , , ,530 DOUGLAS COUNTY TOTAL LABOR FORCE 21,370 21,500 21,510 21,340 21,790 22,270 21,620 UNEMPLOYMENT 3,160 2,970 2,890 2,710 2,790 2,790 2,880 UNEMPLOYMENT RATE 14.8% 13.8% 13.4% 12.7% 12.8% 12.5% 13.3% TOTAL EMPLOYMENT 1/ 18,210 18,530 18,620 18,630 19,000 19,480 18,740 ELKO COUNTY TOTAL LABOR FORCE 28,630 29,150 29,440 29,540 30,590 31,470 29,800 UNEMPLOYMENT 2,140 1,940 1,960 1,860 1,850 1,970 1,950 UNEMPLOYMENT RATE 7.5% 6.7% 6.6% 6.3% 6.1% 6.3% 6.6% TOTAL EMPLOYMENT 1/ 26,490 27,210 27,480 27,680 28,740 29,500 27,850 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.

22 2012 NEVADA LABOR FORCE SUMMARY DATA Revised July JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG ESMERALDA COUNTY TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 6.6% 6.2% 6.4% 6.4% 5.4% 5.8% 6.1% TOTAL EMPLOYMENT EUREKA COUNTY TOTAL LABOR FORCE 1,060 1,080 1,090 1,090 1,140 1,180 1,110 UNEMPLOYMENT UNEMPLOYMENT RATE 6.5% 6.4% 6.0% 5.6% 6.1% 6.4% 6.2% TOTAL EMPLOYMENT 990 1,010 1,020 1,030 1,070 1,100 1,040 HUMBOLDT COUNTY TOTAL LABOR FORCE 9,620 9,840 9,180 9,210 9,510 9,850 9,530 UNEMPLOYMENT UNEMPLOYMENT RATE 7.1% 6.5% 6.9% 6.3% 6.3% 6.5% 6.6% TOTAL EMPLOYMENT 8,940 9,200 8,540 8,630 8,910 9,210 8,900 LANDER COUNTY TOTAL LABOR FORCE 4,400 4,450 4,350 4,340 4,600 4,780 4,490 UNEMPLOYMENT UNEMPLOYMENT RATE 6.6% 5.6% 5.8% 5.6% 5.2% 5.4% 5.7% TOTAL EMPLOYMENT 4,110 4,200 4,100 4,100 4,360 4,520 4,230 LINCOLN COUNTY TOTAL LABOR FORCE 1,710 1,730 1,770 1,770 1,810 1,890 1,780 UNEMPLOYMENT UNEMPLOYMENT RATE 15.1% 14.0% 13.7% 13.1% 12.9% 12.9% 13.6% TOTAL EMPLOYMENT 1,450 1,490 1,530 1,540 1,580 1,650 1,540 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.

23 2012 NEVADA LABOR FORCE SUMMARY DATA Revised July JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG LYON COUNTY TOTAL LABOR FORCE 22,010 22,350 22,350 22,360 23,160 23,610 22,640 UNEMPLOYMENT 3,930 3,760 3,620 3,490 3,450 3,490 3,620 UNEMPLOYMENT RATE 17.8% 16.8% 16.2% 15.6% 14.9% 14.8% 16.0% TOTAL EMPLOYMENT 1/ 18,080 18,590 18,730 18,870 19,710 20,120 19,020 MINERAL COUNTY TOTAL LABOR FORCE 2,240 2,250 2,250 2,260 2,060 2,100 2,190 UNEMPLOYMENT UNEMPLOYMENT RATE 13.2% 12.4% 12.0% 11.8% 13.1% 13.6% 12.7% TOTAL EMPLOYMENT 1/ 1,940 1,970 1,980 1,990 1,790 1,810 1,910 NYE COUNTY TOTAL LABOR FORCE 17,670 17,720 17,660 17,600 17,870 18,020 17,760 UNEMPLOYMENT 2,860 2,680 2,600 2,480 2,530 2,580 2,620 UNEMPLOYMENT RATE 16.2% 15.1% 14.7% 14.1% 14.1% 14.3% 14.8% TOTAL EMPLOYMENT 1/ 14,810 15,040 15,060 15,120 15,340 15,440 15,140 PERSHING COUNTY TOTAL LABOR FORCE 2,680 2,770 2,790 2,770 2,870 2,990 2,810 UNEMPLOYMENT UNEMPLOYMENT RATE 12.8% 11.5% 11.1% 10.5% 10.1% 9.9% 11.0% TOTAL EMPLOYMENT 1/ 2,340 2,450 2,480 2,480 2,580 2,690 2,500 STOREY COUNTY TOTAL LABOR FORCE 2,200 2,210 2,210 2,190 2,170 2,160 2,190 UNEMPLOYMENT UNEMPLOYMENT RATE 14.1% 13.2% 13.5% 12.4% 10.5% 10.8% 12.4% TOTAL EMPLOYMENT 1/ 1,890 1,920 1,910 1,920 1,940 1,930 1,920 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.

24 2012 NEVADA LABOR FORCE SUMMARY DATA Revised July JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG WASHOE COUNTY TOTAL LABOR FORCE 220, , , , , ,820 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 220,940 UNEMPLOYMENT 28,560 27,090 26,300 25,080 25,610 26,030 26,450 UNEMPLOYMENT RATE 12.9% 12.2% 12.0% 11.4% 11.5% 11.7% 12.0% TOTAL EMPLOYMENT 1/ 192, , , , , , ,490 WHITE PINE COUNTY TOTAL LABOR FORCE 6,070 6,200 5,820 5,870 5,700 5,920 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 5,930 UNEMPLOYMENT UNEMPLOYMENT RATE 8.2% 7.3% 7.7% 7.0% 7.2% 7.2% 7.4% TOTAL EMPLOYMENT 1/ 5,570 5,750 5,370 5,460 5,290 5,490 5,490 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.